Bill Text | History of Actions | Background | Title |
Description: Homestead; increase amount exempt from seizure in case of debts arising from catastrophic illness.
Bill Text: [Introduced]
| 1 | 01/15 (H) Referred To Judiciary A | |
| 2 | 01/30 (H) Died In Committee |
| Effective date | July 1, 2001 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Principal Author: Davis*
Code Sections: A 085-0003-0021, A 085-0003-0023, A 085-0003-0027, A 085-0003-0031, A 085-0003-0035, A 085-0003-0037
Title: AN ACT TO AMEND SECTIONS 85-3-21, 85-3-23, 85-3-27 AND 85-3-31, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE AMOUNT OF A HOMESTEAD EXEMPTION THAT A PERSON WHO IS A HOUSEHOLDER IS ENTITLED TO HOLD EXEMPT FROM SEIZURE OR SALE UNDER EXECUTION OR ATTACHMENT WILL BE THE FULL VALUE OF THE HOMESTEAD BASED ON ITS VALUE ONE YEAR BEFORE THE SEIZURE, IN THE CASE OF OBLIGATIONS ARISING DIRECTLY AS A RESULT OF A CATASTROPHIC OR TERMINAL ILLNESS OR INJURY; TO AMEND SECTIONS 85-3-35 AND 85-3-37, MISSISSIPPI CODE OF 1972, TO CONFORM TO THE PRECEDING PROVISIONS; AND FOR RELATED PURPOSES.
End Of Document
2001/html/History/HB/HB1249.htm